By Jerry PDX
wednesday, april 9, 2025 at 12:06:00 p.m. edt
Screw trade with red china; we don’t need cheap consumer goods produced by slave labor
I don’t give a damn about china trade. Best thing for America is to not be bombarded with cheap consumer goods produced by slave labor in china.
As far as rare earth minerals and other resources are concerned, we have our own or can get all that from other sources. People criticize U.S. corporate malfeasance but ignore that the so-called chinese “communist” party is the single most powerful and venal “corporate” entity on the face of the earth. Not restrained by government regulations, because they ARE the government, they can ignore environmental, labor rights concerns, or fair trade practices doing whatever they please, in order to maximize profits. Maybe Trump should be more diplomatic and conciliatory to the rest of the world, but as far as china is concerned...f’em, we’ll do business with them only if it’s 100% fair and on our terms.
Subscribe to:
Post Comments (Atom)
6 comments:
It'll be interesting to see who "blinks" first--or is perceived as blinking first.
--GRA
China will collapse without American money. And it could not go on without American investment--China should not be allowed access to American money. We can act now, or wait until they are too powerful to stop. The greedy who make money from China should be ignored--like Musk--Peter Navarro understands economic. If you don't, read Free Trade Doesn't Work by Ian Fletcher.
WHAT HAPPENS WHEN YOU RUN OUT OF TARIFF AMMUNITION? CHINA RAISES TO 125%--"WILL IGNORE FURTHER TRUMP TARIFF INCREASES."
GRA:Early this morning,China retaliated against the last President Trump tariff increase,by raising their own tariff against U.S. imported good to 125% from 84%,then stated,"any future increases by the U.S. will be ignored."
"We have effectively priced any U S. goods out of our market,so there's no point in further increases "
Tariff exhaustion has been achieved. The markets are rallying off their lows. GDP numbers are being reduced by a half percent in China. Is this it? How do you fight with someone if they quit fighting? How do markets crash if the escalation stops?
Stay tuned
--GRA.
Bonds are being sold heavily again today. If China(and company)continue to sell U.S. bonds,THAT could be a other option of imploding world markets(including their own),so it's a tightrope act. How far does China go? How far does Trump let it go?
We shall see,but the tariff fight is over.
A draw.
--GRA
I guess there's always another biological weapon they could send to us.
--GRA
PHASE TWO OF CHINA/U.S. TRADE DISPUTE?BOEING JET ORDER CANCELLED BY CHINA "DUE TO TARIFF WARS."
(ZH)China announced earlier that it had raised its levies on U.S. goods to 125%, up from the previous 84%, but stated that it would "no longer respond" to any further tariff increases from Washington. This suggests that Beijing may begin rolling out non-tariff countermeasures.
Hours after the initial announcement—and about an hour into the U.S. cash session—Bloomberg reported that China's Juneyao Airlines had delayed the delivery of a widebody aircraft from Boeing, according to people familiar with the matter.
The people said Juneyao was supposed to take delivery of the 787-9 Dreamliner in three weeks but will now hold off due to the escalating trade war.
China's non-tariff countermeasures against the U.S. in the deepening trade war are broad and far-reaching and may include the following:
Export Controls and Quotas
Currency Devaluation
Boycotts (State-Inspired)
Licensing & Certification Hurdles
Restricting Market Access
Pressure Big Tech With Cybersecurity & Data Laws
Limiting Cultural Imports
Selling U.S. Treasuries
Early this week, Beijing shifted to non-tariff retaliation, limiting Hollywood film imports, slowing rare earth export shipments, and allowing the yuan to weaken.
This is certainly not the end of the trade war, but one broadening outside the scope of tariffs. This understanding is likely why Goldman has yet to give an "all clear" to clients, as more marked turmoil is expected.
Countdown to the next U.S. company that Beijing targets, if that's delaying orders or restricting access and/or using lawfare.
GRA:Or China,springing Ryan Routh out of prison and getting him a job at the White House? You get my point.
--GRA
Post a Comment